The Board of China Construction Bank Corporation

held its first 2005 meeting in Beijing

The Board of Directors of China Construction Bank Corporation (“CCB”) held its first 2005 meeting in Beijing on March 16, 2005.

The Board reviewed and approved Mr. Zhang Enzhao’s resignation as director and Chairman of the Board due to personal reasons. The Board expressed appreciation to Mr. Zhang for his contributions to the reform and development of China Construction Bank over the years. The Board resolved that Mr. Chang Zhenming would serve as the acting Chairman of the Board until a new Chairman is elected. The above resolutions took effect on March 16, 2005.

In line with the guidance and requirements from the CPC Central Committee and the State Council, CCB is further improving its corporate governance structure, accelerating its management system reform, and actively pushing forward its transformation into a joint stock company. CCB is operating healthily and steadily in accordance with its development strategy.

CCB will stick to its long-standing commitments, support China’s economic growth and provide customers with premium services. CCB is striving to develop into a modern financial services firm with adequate capital, effective internal control, secure operations, premium services, superior returns on equity and assets and international competitiveness.

Board of Directors

China Construction Bank Corporation